Road King resurfaces in dim sum as sales reach a high in November

Road King Infrastructure has made a return to the offshore renminbi bond market ahead of the maturity of its debut dim sum bond early next year. The deal comes in what has been the biggest month for CNH debt in 2013.

  • By Lorraine Cushnie
  • 26 Nov 2013

Joint global co-ordinators DBS Bank, HSBC and JP Morgan opened books in the three year bond on Tuesday morning, November 26, with price guidance of 6.375%. Bookbuilding was progressing well by mid-morning which dealers said could result in some spread tightening. 

Road King, which issues bonds under ...

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Panda Bonds Top Arrangers

Rank Arranger Share % by Volume
1 Bank of China (BOC) 28.62
2 CITIC Securities 21.06
3 China CITIC Bank Corp 9.72
4 China Merchants Bank Co 9.18
5 Industrial and Commercial Bank of China (ICBC) 7.56

Bookrunners of Asia-Pac (ex-Japan) ECM

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1 CITIC Securities 16,398.71 87 6.19%
2 UBS 14,474.27 89 5.46%
3 Morgan Stanley 12,702.49 63 4.79%
4 Goldman Sachs 12,014.24 62 4.53%
5 China International Capital Corp Ltd 11,605.84 57 4.38%

Bookrunners of Asia Pacific (ex-Japan) G3 DCM

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1 HSBC 35,355.30 248 7.98%
2 Citi 34,469.67 197 7.78%
3 JPMorgan 26,213.80 145 5.92%
4 Bank of America Merrill Lynch 21,812.93 113 4.92%
5 Standard Chartered Bank 18,550.38 140 4.19%

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